Saint-Gobain Advanced Ceramics division sells its
June 28, 2010
Saint-Gobain announces the sale of his division advanced to the American Ceramics CoorsTek for 245 million dollars (199 million euros).
The world of production and distribution of building materials said that the transfer was done as part of its commitment to focus on businesses with high technological content and where the group is in the lead.
This division has achieved in 2009 a turnover of 135 million euros with a workforce of over 1,100 people spread over 14 locations in Europe, America and Asia.
Advanced Ceramics weighs less than 1% of the total turnover of the group, whose revenues totaled 37.79 billion euros in 2009.
The transaction is subject to the approval of antitrust authorities in the United States and Brazil, "said Saint-Gobain.
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